Eseandre Mordi
After days of losses, SEI Coin might finally be catching a break. A TD Sequential buy signal just appeared on the daily chart, hinting that sellers could be running out of steam and a short-term bounce may be coming.
Technical Analysis: TD Sequential Signals Exhaustion in Selling Trend
SEI is trading around $0.16 after dropping from $0.20 to recent lows near $0.15. The TD Sequential indicator just printed a "9" count—a sign that selling pressure is fading. According to crypto analyst Ali, this buy setup could mark a local bottom for SEI.
The signal came after two big red candles, followed by a smaller green one, showing buyers are stepping in. If buying continues, SEI could test the $0.17–$0.18 resistance zone, with support set around $0.15.
Market Context
SEI's moves mirror the broader altcoin market, which has faced pressure in early November. The fundamentals remain solid, with growing DeFi integrations and developer activity. This signal could attract traders positioning ahead of a potential rebound, especially if volume increases and SEI closes above $0.17.
Cautious Optimism as SEI Attempts to Rebound
This TD Sequential buy signal is the first positive sign in weeks. Key levels to watch include:
- Support at $0.15 – critical for any recovery attempt
- Resistance at $0.17–$0.18 – a close above confirms the reversal
- Volume confirmation – increased buying validates the signal
If SEI pushes above $0.17, it could confirm the reversal and trigger a stronger recovery. If it drops below $0.15, the downtrend remains intact. For now, traders are cautiously optimistic about an early recovery phase.
Eseandre Mordi
